New York, New York – July 21, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, is pleased to announce that its FHA/HUD platform has closed $573.4 million in financing across 26 deals in 2025 thus far.
This milestone includes 15 multifamily transactions totaling $450.5 million across 2,333 units, and LEAN healthcare transactions totaling 11 deals worth $122.9 million for 977 units. HUD production has increased substantially in the first half of 2025 compared to recent years’ loan origination.
“Berkadia FHA/HUD had a fantastic start to the year and is well-positioned for the second half,” said SVP – Head of FHA and Seniors Housing Finance Steve Ervin. “The team is dedicated to simplifying the complexities of FHA financing for clients and providing essential information that HUD borrowers need to succeed. Although current market conditions are fitful, we are confident that the current administration will continue to enact policies to bring HUD-insured programs back to strong, historical levels.”
A few notable transactions from first half of the year include:
- Westminster Towers, located at 1112 7th Street, Santa Monica, California. Built in 1969, the affordable housing project features 285 units. Berkadia FHA/HUD secured $70.6M in construction and permanent financing through HUD’s 221(d)(4) Program.
- Englewood Multifamily, located in the Chosewood Park neighborhood of southeast Atlanta, Georgia. The 37-acre development plan will include residential (single and multifamily), commercial, retail, institutional, and recreational uses. Berkadia’s FHA/HUD team secured $28.3 million in financing on behalf of The Benoit Group (TBG) and The Housing Authority of the City of Atlanta (AHA) through HUD’s 221(d)(4) program.
- Four Seniors Housing Communities, located in Hawaii, Texas, and Washington. The loans were secured through HUD’s 232/223(f) program totaling $64.4 million in aggregate proceeds.